drvce

1. small tree; sapling
   U dvorištu smo posadili dva drvceta. — We planted two little trees in the yard.
2. Croat. (festive) Christmas tree
   Kad ćemo da kitimo drvce? — When are we going to decorate the tree?
3. sliver; small stick of wood
   Upalio je šibicu i bacio izgorelo drvce u pepeljaru. — He lit a match and threw the burnt stick into the ashtray.
   Skupili smo suva drvca za potpalu. — We gathered dry bits of wood for kindling.

Božićno drvce 'Christmas tree' is Croatian usage; in Serbia the word is jelka (novogodišnja jelka).